Dermody Properties to develop 232-acre logistics campus near Chicago

Dermody Properties has acquired the Allstate Corp. corporate campus in Glenview, Ill. The 232-acre site will become a logistics-focused campus designed to serve logistics customers who value immediate access to local consumers, including the high density and affluent communities of the northern and northwest suburbs of Chicago.

The logistics campus is a planned, 10-building logistics park totaling 3.24 million available square feet with flexibility to accommodate build-to-suits. Planned buildings also can be consolidated for a larger footprint. All buildings will feature class A sustainable design and construction.

Dermody Properties will immediately commence construction on five buildings totaling 1.2 million square feet scheduled for completion in the second and third quarters of 2023. The remaining 125 acres will be available for multiple build-to-suits or a single building of up to 2 million square feet.

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